1-bedroom flat · SY21 7LE
For saleListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Conveniently situated first floor single bedroom leasehold apartment in town centre location close to the shops and cafés with the benefit of allocated parking for one vehicle.
The accommodation in further detail contains Ground floor front door to small hallway with two short flights of stairs to First floor landing area with free standing storage cupboard.
Access to loft and electric storage heater. Door to Inner Hallway: with built in airing cupboard. Kitchen/Lounge: 18'4" x 9'5". Kitchen: fitted with matching units, incorporating sink.
Plumbing in point. Appliances in-situ include: electric oven, washing machine/dryer and fridge freezer. Lounge Area: with views over Union Street. Fitted worktop and small storage cupboard.
Modern electric heater. Bedroom: 10'2" x 9'5" Built in double fronted wardrobe. Modern electric heater.
Bathroom: Refitted in the last 3 years with matching suite comprising, w.c., washbasin and bath with electric shower over and part tiled walls. Extractor fan. Dimplex wall fan heater.
Outside: Allocated parking for one vehicle. Tenure: Leasehold.
We understand the flat is leasehold with a 99-year lease in place which commenced on the 14th November 1986 the annual ground rent is £30.00 per half year payable December and June.
Details on request. Please would also draw to the attention of prospective purchasers there is a cost of £185.00 plus VAT in respect of a presale pack from the freeholder.
Should a perspective purchaser wish to let the flat to a third party we are advised there is an extra cost of £55.00 per year charge to the freeholder.
Services: We understand Mains water, electricity and drainage are connected. Electric heating.
Local Authority: Powys (Montgomeryshire) County Council, Powys County Hall, Spa Road East, Llandrindod Wells, Powys, LD1 5LG. Outgoings: Property Band 'B' online enquiry only.
Viewing: Strictly by appointment with the sole agent Harry Ray & Company. Tel: . Money Laundering: We will require evidence of your ability to proceed with the purchase, if the sale is agreed to you.
The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations.
Appropriate examples: Passport and/or photographic Driving Licence and recent utility bill.
Directions: From the Agent's office proceed through the passageway to the right of Costa and continue into Puzzle Square where No. 4 is identified by the For Sale board.
Value & comps
No previous sales on record.
Returns
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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 4, Puzzle Square, Welshpool, Powys, Mid Wales, SY21 7LE
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